right now you'll be able to see behind me and as it stands the u.s. holds the world's largest go visit but it is suspected that go to china has up to ten thousand tons of passing that of the u.s. so all the dominating days of the u.s. dollar as the all powerful reserve currency i know what i'm going to get some expert analysis is right here from dot's william wilson from the sco business school so tell me presuming that china is is doing this on purpose this is why it's buying up all the gold is the right decision is this the right way for what we do which i've been buying gold in recent years the quick we don't know how much gold the chinese officials have not released any official statistics on it but the we know this the chinese are three point five trillion in foreign exchange reserves as about fifty percent of their g.d.p. and they're worried about the value of the dollar of the world's major reserve currency five ten years from now so they're looking to diversify those massive

foreign exchange reserves and this is probably good primary reason why they're buying gold had been buying gold in recent years diversification. and do you think that they saw comes from the fact that the us has an absurd amount of debt right now i mean we say sixteen trillion but it could be fifteen to one hundred some estimates is that what's what's fueling this diversification. one of the primary reasons that the u.s. national debt now is sixteen trillion dollars. and projected to grow quickly over the next few years. or the dollar remains the world's primary reserve currency about eighty percent of the. reserve currencies are held in us dollars but there's a concern if you look at the federal reserve assets they've tripled in size over the last three years so looking down the road. there's obviously concern among chinese authorities about a dollar inflation the dollar eroding in value and so this is the primary reason for diversification for buying. gold and getting away from the u.s.

dollar and what would they stay again presuming that they are intending to do this what would it do for chinese gray yeah we're really no impact on chinese growth the problem right now the chinese have a very tight control on the capital account there's no. we won't see the chinese currency the remember the become a reserve currency any time soon right maybe it may be decades away the fact is outside of china no one uses the chinese currency and only the chinese use it so they're a long way away from from being a reserve currency not i can say what is the u.s. dollar what is the biggest rival it doesn't even have one of them i mean is there a feasible currency out that to take its place it's got a modest rival right now with the of course the euro about fifteen percent to twenty percent of. our reserves are held in your o's but given the the very acute structural economic problems you see now in the euro zone. i think the euro's

future is very much in doubt and again we'll go back to china why why is china have been buying gold why are they interested in making their own currency much more powerful much more internationalized because they don't have a whole lot of trust in the euro bit of a whole lot of trust in the us dollar which is why they're moving as fast as they can to make their own currency more internationalized so when wilson thank you very much indeed for coming into the studio today on the fifth book today's edition of plenty capital from all business news money can out of this place is in cities doing the same place same time and next week see that hit by. zero.

exactly what happened that day i don't know but a woman killed. piers later is when i got arrested for. for a crime i did not do. we have numerous cases where police officers lie about polygraph results. innocent people to confess to police officers don't beat people anymore i mean it just doesn't happen really. in the course of interrogation why because there's been this is like men know because the psychological techniques are more effective in obtaining confessions than physical abuse and they were often they could get what they wanted they can say what they wanted and there was no evidence of what they did or what they said. he.

put it under full strong arm and watch the college face i describe you know. it was. a pleasure to have you with us here on t.v. today i'm sure. you're watching archie live from moscow with me and use the now way. iraq is treating a massive influx of syrian kurds who suddenly found themselves caught in the

crossfire of war kurdish areas in syria's north are being raised to the ground by al-qaeda linked factions involved in the fighting against the us government jihadists reportedly aim to set up an islamic state their human rights activist. says the militants also want access to the natural resources these groups seek a star going to islamic states they supposed to him go build or oil rich areas of kurds and they said they are supported very well by turkey so there are two factors one of them is that these groups want to establish their own islamic state mini islamic state which is a project. huge islamic state. to syria and iraq now they see that kurds are facing them all the kurds is a challenge to them the other factor is that turkey is pushing these groups against kurds because turkey is not happy that could've. are willing go to try to establish

their own internal me in that region and because this region northern syria. more than one hundred thousand people in russia's far east are on the brink of having their homes to lose by floodwater in the worst disaster of its kind there in a century local authorities are preparing for their mass evacuations from three affected regions with almost twenty thousand people already forced to flee and water levels are expected to climb even further next week and the region's infrastructure has also been largely maimed as the floods have swamped vast farmlands only preliminary estimates show that the waters have dealt around sixty million dollars worth of damage archies paul scott is at the scene for us and reports now on the main threats hanging over the region the flood stretch from east to west a distance of two thousand kilometers and from north to south a distance of five hundred kilometers now there is a real concern that the situation could get worse with more rain on to supply did over the next twenty four forty eight hours or so the flood levels are expected to

peak in the middle of next week and in particular there are two points where our people is seriously concerned that these are the hard drive was electric power stations where water levels out the markets a critical level now there's a real fear that the i'm over it which you can see behind me could bust its banks once more and could power matters even closer than an attempt to try and counter that so far as he's allowed wall to it's a flow through that adams auction increased rates of twenty percent to try to relieve some of the pressure on the lower the floodwaters there around three thousand military personnel in the region as well they're about about hospitals but about kitchens as well providing simple food such as bread to help those people who have been displaced mosco was doing it's great to limit the damage being caused but the real concern is with full flood. which is expected in the coming days with the flood levels could rise the situation could be about to get was our team remains in one of the worst hit areas and we'll continue to bring you the very latest as we

get it. does a few billion euros more and everything will be ok. german central bank reportedly believes the third bailout for greece is crucial to put the country's shattered economy back on track but many greeks are no longer buying the promises of a happy future as the financial collapse wreaks the most precious things rexx the most precious things i should say they have. now it's a place. another employed single mother agree saul has been dealing with what any loving parent would class as a nightmare for five days of the week her child has to live elsewhere because she can't afford to look after her i didn't have anything. to feed my child. only god knows how. sorry. she says she's going to looking for a job for three years but now aged forty knows the chances of her succeeding are

slim she tries to shield her four year old daughter as much as she can from the grim reality until she's old enough to understand and in the meanwhile the girl lives in this kindergarten along with other children from needy and problem families how do you explain to your child you're not able to take care of them full time because of problems with the economy and perhaps to completely understand what these people go through every day you have to be in their shoes but what's clear for many gardens like this one are the only chance for their children to have more or less decent lives but since they're financed by the greek state they're now under threat of being shut down. open since one thousand one hundred this garden has helped thousands of families throughout the years but because of a lack of financing for the past twelve months its staff have been working for free and it won't be long before what little funds they have dry up completely. we're facing severe and multiple problems and are now in danger of been closed down we're

using every means possible to continue working and are open to any help when i'm sure how long we could last due to various austerity measures by greece's creditors the government has been cutting jobs and reducing financing in the public sector teachers and schools included the situation is terrible is getting was. nothing gives us an. i hope that this will change soon the next. two three four years he seems that this economy our economy immigration in general is going. to hell. despite grim forecasts from economists and a downgrade of the greek economy from developed to emerging markets officials are promising an economic miracle promises which few were greeks are finding the strength to believe in with each passing day it's going to. athens. but

now a look at some other international news making headlines hundreds of people have taken to the streets in the train capital of santiago protesting against a new law they believe puts the country's food shopping today in jeopardy a new legislation the monks expands big corporations intellectual property rights making it illegal for farmers to exchange their own seats companies like monsanto have been repeatedly accused of using similar laws to force private growers out of the market. the e.u. has called for talks with iran over its controversial nuclear program as tehran promises to tame its rhetoric in return iran's new president hassan rouhani says he is ready to cooperate but only if the west and the u.s. in particular stops the language of threats america's house of representatives recently agreed on fresh sanctions aimed at crippling iran's oil sector. i'll be back with our top stories in just a few minutes. well

. it's technology innovation all the developments around russia we've got the future covered. live. live live.

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little fury in egypt security forces and probe morsi supporters locked horns in the worst violence since the revolution two years ago that has left hundreds dead. a saudi prince speaks out against the wrongdoings. the ruling monarchy in his own country condemning the injustice abuse and killings are t. talks to him exclusively. rubbish not spying wary londoners question the use of high tech litter bins that scam people smart for a report on that shortly. the storm of protest against the sochi winter olympics well some want to boycott the games over russia's law against gay propaganda to minors others call to use the event as a political protest.